TISCO least affected from price increases
According to a recent statement released from Indian steel producer Tata Iron and Steel Corp (TISCO), the company is affected from the steel price issue in
India lesser than the other producers in the country.
An official from TISCO stated that, price increases do not have a significant effect on the
production and sales of the company as 90% of TISCO's products are sold through long-term contracts.
Meanwhile, other major Indian steel producers such as Steel Authority of
India Ltd (
SAIL), Essar Steel, Ispat and
Jindal also have long term contracts however their share in total sales is lesser that TISCO's.
Besides, TISCO is stated to be hardly affected from raw material shortage, as it has its own
iron ore mines.